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Coinbase to offer trading of Bitcoin cash

Coinbase Inc., one of the largest U.S. digital exchanges said on Tuesday it is ready to add Bitcoin cash to its offerings to customers, giving a boost to a rival to the most popular digital unit.

Bitcoin cash soared after the statement, up 50 percent over the past 24 hours, to $3,477.45, according to Bitcoin price slumped below $16,000 on news but has since climbed closer to $17,000 according to Coindesk.

Bitcoin Cash went to live on August 1after a fork of the bitcoin network. Now it is the third most valuable digital currency after bitcoin and Ethereum.

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